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Link between bonus rule and depreciation method configurations

in Assets 2 comments

Summary:

Hi,

We have to configure bonus rule/rates for federal tax book. Please can you share your comments on each pointer.

a) Is there any connection between bonus rule and depreciation method ? How is the standard depreciation calculation separated from bonus depreciation calculation, if this makes sense at all.

b)

  1. September 27th, 2017– December 31st, 2022: Bonus rate is 100%
  2. January 1st, 2023 – December 31st, 2023: Bonus rate is 80%
  3. January 1st, 2024 – December 31st, 2024: Bonus rate is 60%
  4. January 1st, 2025 – December 31st, 2025: Bonus rate is 40%
  5. January 1st, 2026 – December 31st, 2026: Bonus rate is 20%
  6. January 1st, 2027 & Later: Bonus rate is 0%

Is the above correct ? If yes, we need to import 80%, 60% and 40% rates, right ? It is not available currently in fusion.

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